79 lines
3.9 KiB
Markdown
79 lines
3.9 KiB
Markdown
---
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type: source
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title: "Futardio: Migrate Autocrat Program to v0.1?"
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author: "futard.io"
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url: "https://www.futard.io/proposal/AkLsnieYpCU2UsSqUNrbMrQNi9bvdnjxx75mZbJns9zi"
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date: 2023-12-03
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domain: internet-finance
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format: data
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status: processed
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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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processed_by: rio
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processed_date: 2026-03-15
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claims_extracted: ["metadao-autocrat-v01-reduces-proposal-duration-to-three-days-enabling-faster-governance-iteration.md", "metadao-autocrat-migration-accepted-counterparty-risk-from-unverifiable-builds-prioritizing-iteration-speed-over-security-guarantees.md"]
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enrichments_applied: ["MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window.md", "futarchy implementations must simplify theoretical mechanisms for production adoption because original designs include impractical elements that academics tolerate but users reject.md"]
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extraction_model: "anthropic/claude-sonnet-4.5"
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---
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## Proposal Details
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- Project: MetaDAO
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- Proposal: Migrate Autocrat Program to v0.1?
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- Status: Passed
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- Created: 2023-12-03
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- URL: https://www.futard.io/proposal/AkLsnieYpCU2UsSqUNrbMrQNi9bvdnjxx75mZbJns9zi
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- Description: Most importantly, I’ve made the slots per proposal configurable, and changed its default to 3 days to allow for quicker feedback loops.
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## Summary
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### 🎯 Key Points
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The proposal aims to migrate assets (990,000 META, 10,025 USDC, and 5.5 SOL) from the treasury of the first autocrat program to the second program, while introducing configurable proposal slots and a default duration of 3 days for quicker feedback.
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### 📊 Impact Analysis
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#### 👥 Stakeholder Impact
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Stakeholders may benefit from enhanced feedback efficiency and asset management through the upgraded autocrat program.
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#### 📈 Upside Potential
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The changes could lead to faster decision-making processes and improved overall program functionality.
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#### 📉 Risk Factors
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There is a risk of potential bugs in the new program and trust issues regarding the absence of verifiable builds, which could jeopardize the security of the funds.
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## Content
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## Overview
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I've made some improvements to the autocrat program. You can see these [here](https://github.com/metaDAOproject/meta-dao/pull/36/files). Most importantly, I've made the slots per proposal configurable, and changed its default to 3 days to allow for quicker feedback loops.
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This proposal migrates the 990,000 META, 10,025 USDC, and 5.5 SOL from the treasury owned by the first program to the treasury owned by the second program.
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## Key risks
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### Smart contract risk
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There is a risk that the new program contains an important bug that the first one didn't. I consider this risk small given that I didn't change that much of autocrat.
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### Counter-party risk
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Unfortunately, for reasons I can't get into, I was unable to build this new program with [solana-verifiable-build](https://github.com/Ellipsis-Labs/solana-verifiable-build). You'd be placing trust in me that I didn't introduce a backdoor, not on the GitHub repo, that allows me to steal the funds.
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For future versions, I should always be able to use verifiable builds.
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## Raw Data
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- Proposal account: `AkLsnieYpCU2UsSqUNrbMrQNi9bvdnjxx75mZbJns9zi`
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- Proposal number: 1
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- DAO account: `3wDJ5g73ABaDsL1qofF5jJqEJU4RnRQrvzRLkSnFc5di`
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- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
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- Autocrat version: 0
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- Completed: 2023-12-13
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- Ended: 2023-12-13
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## Key Facts
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- MetaDAO Autocrat v0.1 proposal created 2023-12-03, completed 2023-12-13
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- Proposal migrated 990,000 META, 10,025 USDC, and 5.5 SOL from first to second Autocrat program
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- Autocrat v0.1 default proposal duration is 3 days
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- Proposal account: AkLsnieYpCU2UsSqUNrbMrQNi9bvdnjxx75mZbJns9zi
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- DAO account: 3wDJ5g73ABaDsL1qofF5jJqEJU4RnRQrvzRLkSnFc5di
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- Autocrat v0.1 could not use solana-verifiable-build for undisclosed reasons
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